Base Metals to Face Rising Volatility, SMM Says

SHANGHAI, Jun. 2 (SMM) - SHFE base metals prices are expected to fluctuate more wildly today, SMM foresees.

“Macroeconomic indicators slated for release today will give significant effect on base metals on the SHFE today. OPEC 169th Ordinary Meeting, European Central Bank’s interest rate decision for June and US Beige Book will the focus of markets today” SMM says.

Copper: 35,100-35,500 yuan per tonne

Aluminum: 12,150-12,300 yuan per tonne

Lead: 12,700-12,850 yuan per tonne

Zinc: 15,000-15,600 yuan per tonne

Tin: 106,000-108,000 yuan per tonne

Nickel: 66,500-68,200 yuan per tonne

Note: All prices above are forecasts for most actively-traded contracts on each market. 

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